OurCrowd portfolio company IntellAct offers a glimmer of hope to help the hard-pressed transportation industry cut costs as it grapples with financial challenges exacerbated by the pandemic. Improved efficiency at major logistics hubs could save billions of dollars each year and offer a lifeline to operators facing the worst financial crisis in a generation, Linda Gradstein writes in The Times of Israel. Using artificial intelligence to analyze the millions of CCTV cameras monitoring airports, sea ports and logistics hubs, IntellAct identifies operational bottlenecks and hazards, increasing efficiency and improving safety, says CEO Udi Segall. “In order to prepare an arrival flight for the next flight there are 360 discrete events that need to take place,” Segall says. “We use artificial intelligence to monitor all of these events and see if there are any delays and how to fix them.”
